Huatai Securities: KUAISHOU-W Near-term Earnings Eroded by High Expenses, but User Duration & Stickiness Rise
Huatai Securities: KUAISHOU-W Near-term Earnings Eroded by High Expenses, but User Duration & Stickiness Rise
KUAISHOU-W (01024.HK)'s high expenses on operation expansion, optimization and eco-infrastructure building may weigh on its near-term profitability, reported Huatai Securities. The broker, however, still favors the company, in terms of generating potential value, forecasting KUAISHOU-W to gradually benefit from the Internet effect and monetization improvement. Huatai Securities kept the Buy rating for KUAISHOU-W with its target price sank from HKD215.64 to HKD165.5.
On another note, Huatai Securities highlighted that KUAISHOU-W realized a sharp YoY growth in user numbers over 1H21, with the duration of time users spent on the application and the user stickiness likewise saw certain increases.
据华泰证券证券报道，快手-W-W(01024.HK)在业务扩张、优化和生态基础设施建设方面的高额支出可能会拖累其近期盈利能力。然而，从产生潜在价值的角度来看，该经纪商仍然看好该公司，预计快手-W-W将逐渐受益于互联网效应和货币化程度的提高。华泰证券证券维持对快手-W-W的买入评级，目标价从215.64港元下调至165.5港元。另一方面，华泰证券证券强调，快手-W-W在1h21实现了用户数量的同比大幅增长，用户在应用上花费的时间和用户粘性也出现了一定的增长。